Abstract
The effects of different sales strategies on consumer product evaluation were investigated. It was expected that direct product experience could decrease economic product valuation. Experiments 1 and 2 studied the effects of product trials and money-back guarantees on consumer willingness to pay (WTP). It appeared that WTP was significantly lower after a product trial than with a money-back guarantee or normal sale. In Experiment 3 a structural equation model showed that product trials had a positive effect on attitude toward the product. Also, a negative effect on WTP was found when the effect was measured directly, but a positive effect when the effect was measured indirectly (through attitude)
Original language | English |
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Pages (from-to) | 509-518 |
Journal | Journal of Socio-Economics |
Volume | 38 |
Issue number | 3 |
DOIs | |
Publication status | Published - 2009 |
Keywords
- Direct experience
- Product evaluation
- Product trial
- Willingness to pay